Power and Innocence in Finance
An evolution has occurred over the past fifteen years concerning the role and the power of the state. In France, the governments of the fourth republic, despite their precariousness because of electora rules that make it difficult to produce majorities, have economic power comparable to that of a monarch in an ancient regime. The creation of money and devaluation are two tools that are at their disposal in a Keynesian context justifying the intervention by the state.
KeywordsFinancial Market Central Bank European Monetary System Lever Effect Single Currency
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